re: News: Equatorial Resources Limited Quarte... ANZ note re IO prices;
"Lower than expected China growth in the first quarter of 2012 has prompted us toreview our short to medium term iron ore demand and price outlook. The upshotis that we see limited downside to prices, which should remain range-boundbetween USD120-160 per tonne over the next 3-4 years."
http://www.scribd.com/doc/92939726/China-Iron-Ore-May12-2
Haven't had time to read that fully yet, but you can see why management wants to progress this quickly. The more quickly we can get to market, the better for us as we beat new supply coming on that will probably force price downwards. I was using an IO price of USD100 per tonne in my calculations and those figures looked very good, but they can obviously only get better with a higher price between USD120-160.
re: News: Equatorial Resources Limited Quarte... ANZ note re IO...
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